Worksheet Operational Risk Assesment

This worksheet operational risk assesment template has 2 pages and is a MS Word file type listed under our human resources documents.

Sample of our worksheet operational risk assesment template:

OPERATIONAL RISK ASSESSMENT WORKSHEET This template serves as a structured approach to operational risk assessment, helping businesses proactively manage potential challenges. Regular updates and reviews of the risk assessment are crucial as business operations and external environments evolve. Instructions for Use: Risk Identification: Start by listing all potential operational risks that could impact your business. Risk Analysis: Evaluate the likelihood and impact of each risk to determine its overall severity. Risk Mitigation Strategies: Develop actionable strategies for mitigating risks with high and medium severity, specifying who is responsible and by when actions should be completed. Monitoring and Review: Define how each risk and its mitigation measures will be monitored over time, including the frequency of reviews and responsible parties. Business Overview: Business Name: Industry: Assessment Period: Section 1: Risk Identification List potential operational risks that could affect your business. Consider risks related to people, processes, systems, and external events.